Universal in talks with ministers about tax incentives as it looks to build multibillion-pound resort in Bedford
Universal is in talks with ministers about tax incentives as it looks to build a multibillion-pound resort in Bedford.
The US company, owned by Comcast, has snapped up 500 acres of land in the UK as a potential site for Europe’s largest theme park.
But now Universal is in talks with officials about tax and infrastructure arrangements – which could be a make-or-break for a site, according to the Financial Times.
Plans: Universal runs several sites across the Atlantic, including a resort in Orlando
Comcast could explore other sites in Europe or elsewhere if the talks fail, the report said, and a decision is expected to be made by the end of this year.
Universal runs several sites across the Atlantic, including a resort in Orlando.
The theme park would bring £50billion of economic value to the UK over the first 20 years, according to estimates.
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